US Congress House Bill 6525 (Prior Session Legislation)

---

Spectrum: Bipartisan Bill
Status: Introduced on September 21 2012 - 25% progression, died in committee
Action: 2012-09-21 - Referred to House Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]

Truth in Spending Act of 2012 - Requires the President's annual budget request to Congress to include the most recent reports of the Director of the Office of Management and Budget (OMB) regarding the difference between the actual costs and the estimated costs of direct spending legislation, including proposed legislative language, if any, in such reports. Requires OMB to submit annually for inclusion in the President's budget request reports (with follow-up reports every five fiscal years) on the total estimated cost and total actual cost of direct spending legislation for the then budget year and four outyears. Requires the President, within seven days after receiving an OMB report, to submit proposed legislative language, if any, set forth in the report to both chambers. Prescribes the procedure for fast track consideration of the legislation in both chambers. Prohibits the budgetary effects of such legislation from being entered on either PAYGO scorecard under the Statutory Pay-As-You-Go Act of 2010.

Truth in Spending Act of 2012

Rep. Adam Kinzinger [R-IL]	Rep. Jason Altmire [D-PA]	Rep. Leonard Boswell [D-IA]	Rep. Jim Cooper [D-TN]
Sen. Cory Gardner [R-CO]	Rep. Timothy Johnson [R-IL]	Rep. Jim Matheson [D-UT]	Rep. Michael Michaud [D-ME]
Rep. Mike Quigley [D-IL]	Rep. Robert Schilling [R-IL]	Rep. Aaron Schock [R-IL]	Rep. Joe Walsh [R-IL]

Date	Chamber	Action
2012-09-21	House	Referred to House Rules
2012-09-21	House	Referred to House Budget
2012-09-21	House	Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6525/all-info
Text	https://www.congress.gov/112/bills/hr6525/BILLS-112hr6525ih.pdf